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Biggest Services Stocks Losers Today were JEC, TGP, PSUN : by Penny Stock Pick Alert

Jacobs Engineering Group, Teekay LNG Partners L.P. and Pacific Sunwear of California today were Biggest Services Stocks Losers as reported by Penny Stock Pick Alert.

 



(EMAILWIRE.COM, November 18, 2009 ) Dallas, TX - Jacobs Engineering Group Inc. (NYSE:JEC) plunged 14.53% to end the day at $38.88 after analysts were expecting Jacobs Engineering Group Inc. to report earnings of $0.68 for last quarter, but JEC missed expectations with actual earnings of $0.63 which is 5 cents below the consensus estimate. JEC also issued earnings guidance for next quarter that is below current analyst expectations.

Teekay LNG Partners L.P. (NYSE:TGP) plunged 4.99% to close at $24.39 after the company announced that it has priced its follow on public offering of 3,500,000 common units, which represent limited partner interests, at $24.40 per unit. Teekay LNG has granted the underwriters a 30-day option to purchase up to an additional 525,000 units to cover over-allotments, if any. The offering is expected to close on November 20, 2009.

Pacific Sunwear of California, Inc. (NASDAQ:PSUN) decreased 22.55% to close at $3.88 after the company yesterday announced that it expects same-store sales percentage decline in the low twenties for the fourth quarter of 2009, and to report a loss of approximately $(0.28) to $(0.35) per share. This earnings range includes estimated non-cash store asset impairment charges of approximately $5 million. According to Reuters Estimates, analysts on an average were expecting the Company to report loss per share of $0.12 for the same period.

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